This is a comprehensive guide that will help you complete opening an account with Swissquote Bank within two business days. Reading the full article takes 20 minutes.
# Why Choose Swissquote
- The group owner endorses Swissquote (group owner registered with Swissquote in 2014, has been using it for 9 years, and has no plans to switch platforms)
- Swissquote is regulated by the Swiss Financial Market Supervisory Authority FINMA (Verify on FINMA's official website)
- Swissquote is a listed company on the Swiss Stock Exchange (stock code SIX:SQN)
- Legitimate bank account, private-to-private wire transfers ensure fund security (personal IBAN)
- Default compensation of up to $100,000
- Account opening with just $1,000, no account management fees (requires account activity)
- Rich variety of tradable products, including forex and US stocks
- Supports MT4/MT5, ready to use
# How to Open an Account
The account opening process consists of four steps, and normally takes about 2 business days.
## Essential Form-Filling Guidelines
When filling out forms, please follow these rules and provide truthful information:
- For all legal addresses and residential addresses in documents, use your ID card address
- For employment status, please select employed
- Signatures on the forms must be handwritten in your native language
## Online Form Completion
(This step will take about 10 minutes)
Click here to open the form interface
Click "Start Registration" and you will see the following interface:
Fill in truthfully. For email address, QQ Mail is recommended.
## Print/Fill Out Forms
After completing the online form in the previous step, you will receive an email titled "Swissquote Bank Personal Account Opening Application" with 3 attachments. Please download all of them. This form-filling step will take about 30 minutes.
Then you need to start printing materials.
First, please print/photocopy both sides of your valid ID card or passport. Generally, using your ID card is sufficient.
Next, print all 3 attachments from the email, fill them out one by one, and sign in the designated places.
Just follow the instructions when filling them out, and don't forget to sign. After completion, please check if any signatures are missing.
- "Customer Information Form" - 1 signature
- "Swissquote Bank Personal Account Opening Form 2019 Effective" - 2 signatures at the bottom of pages 4 and 6
- "Signature Card" - 3 signatures
## Express Delivery of Forms
Send all the prepared materials ("Customer Information Form," "Swissquote Bank Personal Account Opening Form 2019 Effective," "Signature Card," "Copy of ID card/passport front and back") directly via SF Express to the address mentioned in the account opening email (choose recipient pays, Swissquote will cover the courier fee).
You can find the nearest Swissquote branch address at Swissquote Group: Structure, Shareholders and Entities | Swissquote.
For example, the China region address is:
Address: Room 3202-3204, 32/F, ICBC Tower, 3 Garden Road, Central, Hong Kong
Recipient: Stitch Chow (Manager Zou)
Phone: +852 3902 0000
## Wire Transfer Deposit
After Swissquote Hong Kong's account manager receives and reviews your form materials, you will receive a successful account opening email from Swissquote. Following the email's instructions, you will find your IBAN bank account number, and you can directly wire transfer USD to your private Swissquote account.
Several points to note here:
- Minimum deposit is $1,000
- If you have a friend with a Swissquote bank account, they can internally transfer $1,000 (or an agreed amount) to complete your account opening. This is the fastest way to open an account.
- Basically, all domestic banks' online banking supports international wire transfers. If you can't find it or don't have the authority, you can also go to a bank counter to activate international wire transfer services
- For domestic wire transfers, you need to purchase foreign exchange first. The purpose of the wire transfer and foreign exchange purchase should be consistent. The annual foreign exchange purchase limit per person is $50,000
After Swissquote Bank receives your deposit, they will notify you by email. At this point, the account opening is complete.
# FAQ
Q: Is the group owner an agent?
A: Yes, if you enter through the group owner's link, the group owner can share a bit of good luck with you 🙂
Q: What's the fastest way to withdraw funds from Swissquote?
A: Consider using Wise for withdrawals. Transferring directly from Swissquote to a Wise EUR account is currently the fastest channel known to the group owner - safe, fast, and with no upper limit.
Q: Can I wire transfer withdrawals to China?
A: Of course, you can also wire transfer to China, if you can tolerate bank phone inquiries and the withdrawal is under $5,000. However, the group owner genuinely doesn't recommend wire transfers to China; using Wise would be much better.
Q: Does Swissquote have a digital debit card?
A: Yes, you can apply directly through the online banking backend. It's issued by Mastercard, and the group owner has tried this electronic card at numerous websites/apps, all with successful payments.
Q: How are Swissquote's spreads?
A: To be honest, Swissquote's spreads don't have any advantage, EUR/USD <20 pips, but the liquidity is abundant with minimal slippage. The group owner has never encountered any refusal of quotes/trades, and the platform's network stability is excellent.
Q: Do Swissquote orders have holding fees?
A: As of writing this text in 2023, the USD is in a high-interest state, so long USD positions have positive holding fees. Swissquote's holding fees are all genuine and effective, possibly slightly higher compared to some other platforms.
Q: What is Swissquote's MT4 server address?
A: live1.mt4.swissquote.com
Q: Where can I download Swissquote's MT4?
A: https://download.mql5.com/cdn/web/swissquote.bank.sa/mt4/swissquote4setup.exe
Q: Where can I download Swissquote's MT5?
A: https://download.mql5.com/cdn/web/swissquote.bank.sa/mt5/swissquote5setup.exe
Q: Is there a tutorial for filling out the account opening forms?
A: You can refer to the following examples for filling
